| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Revenues: | |||||||||
Other | |||||||||
137 | 75 | 62 | - | - | - | - | - | - | - |
Oil and gas production revenues | |||||||||
- | - | - | 67,002 | 133,701 | 92,268 | 65,590 | 64,615 | 58,050 | 51,829 |
Other | |||||||||
- | - | - | 28 | 75 | 56 | 74 | 7 | 10 | 7 |
Revenues | |||||||||
149,167 | 86,264 | 56,555 | 67,030 | 133,776 | 92,324 | 65,664 | 64,622 | 58,060 | 51,836 |
Operating costs and expenses: | |||||||||
Lease operating | |||||||||
24,300 | 15,197 | 18,205 | - | - | - | - | - | - | - |
Lease operating | |||||||||
- | - | - | 23,074 | 25,875 | 23,205 | 22,578 | 21,581 | 19,475 | 20,265 |
Production and ad valorem taxes | |||||||||
12,023 | 7,228 | 5,454 | 6,679 | 11,462 | 8,437 | 6,588 | 5,766 | 5,910 | 5,803 |
Rig expense | |||||||||
- | - | 664 | 0 | 0 | - | - | - | - | - |
Depreciation, depletion, amortization and accretion | |||||||||
43,275 | 26,677 | 24,922 | - | - | - | - | - | - | - |
Depreciation, depletion and amortization | |||||||||
- | - | - | 38,721 | 43,139 | 25,588 | 20,953 | 16,194 | 16,212 | 17,886 |
Proved property impairment | |||||||||
- | - | 67,626 | 128,573 | 0 | 0 | - | - | - | - |
Impairment | |||||||||
- | - | - | - | - | - | - | 0 | 4,787 | 0 |
General and administrative (including stock-based compensation of $504; $428; $1,398 and $1,894, respectively) | |||||||||
12,041 | 16,276 | 13,562 | 11,788 | 13,378 | 11,997 | 10,013 | 9,433 | 8,869 | 7,705 |
Total operating cost and expenses | |||||||||
91,639 | 65,378 | 130,433 | 208,835 | 93,854 | 69,227 | 60,132 | 52,974 | 55,253 | - |
Operating expenses | |||||||||
- | - | - | - | - | - | - | - | - | 51,659 |
Operating income | |||||||||
57,528 | 20,886 | -73,878 | -141,805 | 39,922 | 23,097 | 5,532 | 11,648 | 2,807 | 177 |
Other (income) expense: | |||||||||
Interest income | |||||||||
1 | 1 | 1 | 2 | 2 | 3 | 4 | 7 | 8 | -15 |
Interest expense | |||||||||
7,053 | 2,497 | 3,828 | 3,906 | 2,570 | 4,556 | 5,503 | 4,898 | 9,106 | -11,346 |
Amortization of deferred financing fees | |||||||||
440 | 423 | 1,019 | 643 | 934 | 1,367 | 937 | 1,762 | 2,479 | -1,326 |
(Gain) on sale of properties | |||||||||
- | - | - | 0 | 0 | 33,377 | 0 | 0 | - | - |
(Gain) 1oss on derivative contracts | |||||||||
8,060 | -1,849 | -18,028 | 19,301 | 25,237 | -2,474 | -459 | -676 | 10,811 | - |
Loss on sale of non-oil and gas assets | |||||||||
-181 | 102 | 374 | - | - | - | - | - | - | - |
Financing fees | |||||||||
- | - | - | - | - | - | - | - | - | -362 |
Loss on derivative contracts - realized | |||||||||
- | - | - | - | - | - | - | - | - | -15,328 |
Loss on derivative contracts - unrealized | |||||||||
- | - | - | - | - | - | - | - | - | 27,650 |
Earnings from equity method investment | |||||||||
- | - | - | - | - | - | 2,207 | 2,187 | -473 | 0 |
Other | |||||||||
-94 | -214 | - | -318 | 7 | -539 | -97 | -316 | 119 | 2,071 |
(Gain) on derivative contracts - Unrealized | |||||||||
- | - | - | - | - | - | 2,669 | 7,476 | - | - |
Total other (income) expense | |||||||||
293 | -4,880 | -22,500 | 14,436 | 21,742 | 24,444 | -2,116 | 2,018 | -1,120 | -27,412 |
Income before income tax | |||||||||
57,821 | 16,006 | -96,378 | -127,369 | 61,664 | 47,541 | 3,416 | 13,666 | 1,687 | -27,235 |
Income tax (expense) benefit | |||||||||
- | - | - | -279 | -287 | 700 | 310 | -77 | -79 | 1,290 |
Net (loss) income from continuing operations | |||||||||
- | - | - | -127,090 | 61,951 | 46,841 | 3,106 | - | - | - |
Net loss from discontinued operations - net of tax | |||||||||
- | - | - | -20 | 1,318 | -8,194 | -21,897 | - | - | - |
Consolidated net income (loss) | |||||||||
- | - | - | - | - | - | - | - | - | -28,525 |
Less: Net loss attributable to non-controlling interest | |||||||||
- | - | - | - | - | - | - | - | - | -9,745 |
Net income | |||||||||
57,821 | 16,006 | -96,378 | -127,110 | 63,269 | 38,647 | -18,791 | 13,743 | 1,766 | -18,780 |
Continuing operations (in dollars per share) | |||||||||
- | - | - | -1.21 | 0.63 | 0.51 | 0.04 | - | - | - |
Discontinued operations (in dollars per share) | |||||||||
- | - | - | 0.00 | 0.01 | -0.09 | -0.24 | - | - | - |
Net income per common share - basic (in dollars per share) | |||||||||
0.35 | 0.10 | -0.79 | -1.21 | 0.64 | 0.42 | -0.20 | 0.15 | 0.02 | -0.34 |
Continuing operations (in dollars per share) | |||||||||
- | - | - | -1.21 | 0.61 | 0.50 | 0.04 | - | - | - |
Discontinued operations (in dollars per share) | |||||||||
- | - | - | 0.00 | 0.01 | -0.09 | -0.24 | - | - | - |
Net income per common share - diluted (in dollars per share) | |||||||||
0.34 | 0.10 | -0.79 | -1.21 | 0.62 | 0.41 | -0.20 | 0.15 | 0.02 | -0.34 |
Weighted average shares outstanding: | |||||||||
Basic (in shares) | |||||||||
165,635 | 161,141 | 122,132 | 104,605 | 98,835 | - | - | - | - | - |
Diluted (in shares) | |||||||||
167,689 | 162,844 | 122,132 | 104,605 | 101,468 | - | - | - | - | - |
Oil Revenues [Member] | |||||||||
Revenues | |||||||||
132,904 | 73,584 | 50,965 | - | - | - | - | - | - | - |
Gas Revenues [Member] | |||||||||
Revenues | |||||||||
7,854 | 6,898 | 3,978 | - | - | - | - | - | - | - |
Natural Gas Liquids Revenues [Member] | |||||||||
Revenues | |||||||||
8,272 | 5,707 | 1,550 | - | - | - | - | - | - | - |